Markets “Gapped Up” on Good News today as the Indices rallied up to re-test Wednesday’s Highs. So far there were no New Highs. The S&P 500 Index it trying to Close back above the Pink Line (10-day avg.) of 2931, to negate yesterday’s Short Term Sell Signal.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was up $0.15 today at $62.00.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
ASHR CHINA FUND Money Wave Buy today. Target is $31.00. EXIT if it is going to Close below Support of $28.58.
DBD DIEBOLT Money Wave Buy today. DBD will not be logged as it is already up 12 % today.
SID COMPANHIA SIDERURGICA Possible Buy today if it Closes above $3.71, but SID will not be logged as it is already up 7% today.
HBM.TO HUDBAY MINERALS (Toronto TSE) Money Wave Buy today, but we don’t log Foreign Investments.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
GLUU GLU MOBILE INC. Money Wave must Close in the Green Zone.
IONS IONIS PHARM. Buy if it is going to Close above $75.11.
MRVL MARVELL TECH
TWLO TWILIO, INC. Money Wave must Close in the Green Zone.
XLY CONSUMER FUND Money Wave must Close in the Green Zone.
NON US INVESTMENTS (These will not be logged.)
EVR.L EVRAZ (London LSE)
RECLTD.IN RURAL ELECTRIFICATION CORP. (India NSE)
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY NONE TODAY
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
HAVE A NICE WEEKEND!
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